Sri Lanka, Jan. 23 -- The newly-appointed Central Bank (CB) Governor Prof. W.D. Lakshman blames the country's liberalisation policy package for the current state of the economy. "From late 1970s onwards, we were implementing a socio-economic policy model involving an increase in the liberalisation of markets with globalisation. While the policy model generated some good results, my view is that, as a whole, it has produced a series of anti-development tendencies in the economy and policy," Prof. Lakshman opined.
He was addressing the 61st Annual General Meeting of the National Chamber of Commerce, in Colombo, on Tuesday.
He lamented that the current subpar economic growth and unimpressive private sector credit growth are results of the l...